Origen faces £200k FCA review into pension advice

The FCA informed the Aegon-owned company in January that it would be appointing a skilled person to review the fund recommendation made by Origen advisers to "a number" of defined benefit scheme transferees, according to its 2014 accounts published this month. Origen has set aside £204,000 to cover the cost of the review, known as a Section 166 (s166). But it admitted that the scope of the work, which will focus on enhanced transfer value recommendations, has yet to be finalised meaning this figure could rise. The skilled person review follows an industry-wide investigation by the ...